Yahoo! Inc.(YHOO) has rising momentum with an uptrend

(31-Mar-2008) (31-Mar-2008) Yahoo! Inc.(YHOO) closed at 28.99, up 0.9 or 3.2 % for the day. Based on our analysis, Yahoo! Inc.(YHOO) has rising momentum with an uptrend.

The closing price of Yahoo! Inc.(YHOO) is above its 50 day moving average of 26.75 (Designated by blue line). This indicates that the trend is up. The MACD histogram(Gray bars on the bottom) above the signal line(Dark Red Line) tells us that Yahoo! Inc.(YHOO) is gaining momentum. An uptrend with with rising momentum is a good omen for the stock. The MACD histogram crossed above the signal line today, let us see if it sustains.